Network Telemetry Market size was over USD 704.67 million in 2024 and is likely to reach USD 52.89 billion by the end of 2037, growing at around 39.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of network telemetry is assessed at USD 926.78 million. The growth of network telemetry is expected to be driven by an increase in network attacks and security breaches, as well as the growing need for quick resolution of down time issues. Cybersecurity statistics show that there are 2 200 cyber-attacks per day, and on average an attack occurs every 39 seconds. The average cost of a data breach in the United States is USD 9.44 million, and cybercrime is expected to cost USD 8 trillion by 2023.
In addition, the need to handle massive network performance data and emerging technologies, such as the internet of things (IoT), artificial intelligence, and software-defined networking (SDN) are expected to offer vast market opportunities for network telemetry vendors in the next 5 years. The number of people in the AI sector will be 97 million by 2025. The size of the market for artificial intelligence is expected to grow by at least 120% year on year.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
39.4% |
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Base Year Market Size (2024) |
USD 704.67 Million |
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Forecast Year Market Size (2037) |
USD 52.89 Billion |
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Regional Scope |
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Components (Service, Solutions)
The service segment is anticipated to hold 55% share of the global network telemetry market due to the widespread adoption of network telemetry among enterprises and service providers, resulting in demand for consulting services, integrating and installing devices, as well as training support and maintenance services across the globe. Services are the support provided by a network monitoring company to assist its customers in the efficient use of network telemetry and their maintenance. The mission of the services shall be to train and develop technical expertise so as to upgrade software or platforms at a rapid pace, while assisting customers in integrating them with other IT solutions. Over the next 20 years, worldwide IT spending is expected to rise by about USD 4.66 trillion.
End-Use (Verticals, Service Providers)
Network telemetry market from the service providers segment is anticipated to hold the largest share of about 67% during the forecast period. There is an increasing trend in the adoption of network telemetry by telecom and cloud service providers to manage, analyze, and optimize the entire network infrastructure. Advanced network telemetry can support better network capacity planning and network management features, as well as provide security against malware and distributed denial of service attacks. The demand for network telemetry between service providers is expected to be stimulated by these essential factors.
Our in-depth analysis of the global network telemetry market includes the following segments:
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Components |
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Deployment Type |
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End-Use |
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Organizational Size |
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Application |
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North American Market Forecast
The North America network telemetry market is anticipated to hold the largest share of about 34% during the forecast period. The growth of the market in the region is due to the rapid adoption of advanced technologies and infrastructure helping them virtualize their IT infrastructure and facilitate advanced network management. In addition, the rapid changes in IT infrastructure like virtualization and cloud, large-scale network infrastructure deployment in Canada and the US, and technological advances like 5G and 4G technologies that encourage telecom providers to adopt network telemetry at every layer of the network are adding to the network telemetry market growth in the region. By 2028, nearly 400 million subscribers in North America will have subscribed to 5G. In North America, there were 166 million subscribers to 5G in 2022.
APAC Market Statistics
The Asia Pacific network telemetry market is anticipated to hold the second-largest share of about 28% during the forecast period. The demand for network telemetry may be increasing across vertical markets and service providers due to the growing rate of economic digitization, increased real estate industry application, and increased investments in the construction of its infrastructure in this region. As a result, players in the global network telemetry market will focus on increasing their business potential in the region, while also attempting to grow into regions.
Author Credits: Abhishek Verma
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